Thornburg Funding Suspended Until Margin Calls Resolved

Hat tip to reader Dan for the news as Thornburg works to resolve outstanding margin call issues (all $610 million worth) to resume funding. All loans are suspended with Thornburg until the margin call issues are resolved and the company's access to credit facilities is restored. The company anticipated this happening later in the week, but cannot guarantee any firm date. If you have a loan with Thornburg this is for you: With this message, it is our intent to update our valued customers on the progress we are making as well as provide you with an estimate of our expectations as to the resumption of funding the backlog of loans that are in the queue for funding/purchase. As previously noted by Larry Goldstone, ?Our portfolio of mortgage-backed securities has exhibited exceptional c